Fiscal Consolidation

Fiscal Consolidation News

With this fiscal's estimated GDP growth set to be the lowest in 11 years, here’s a look at how it will impact the common man
Business

With this fiscal's estimated GDP growth set to be the lowest in 11 years, here’s a look at how it will impact the common man

The GDP can’t be taken as just another routine economic data government puts out; it is a vital summary of the real economic activity on the ground

Why Kaushik Basu’s assessment on GDP debate and his prescription to cure economic slump are confusing
Business

Why Kaushik Basu’s assessment on GDP debate and his prescription to cure economic slump are confusing

Subramanian, after analysing 17 major economic indicators, also said that the weakness seen in the economy after 2011-12 didn’t correlate with the high GDP numbers reported under the new series.

Union Budget 2019 outlines reforms to support economy, but lacks plan for fiscal consolidation: Fitch Ratings
Business

Union Budget 2019 outlines reforms to support economy, but lacks plan for fiscal consolidation: Fitch Ratings

India's budget outlined some reforms that could support the economy, but its fiscal stance was left broadly unchanged with no plans for meaningful consolidation, Fitch Ratings said on Wednesday

Govt expects 7.5% GDP growth in FY20, up from 7.2% in FY19; 4% inflation, says economics secretary SC Garg
Business

Govt expects 7.5% GDP growth in FY20, up from 7.2% in FY19; 4% inflation, says economics secretary SC Garg

The past five years have seen India being universally recognised as a bright spot of the global economy, said S C Garg

GDP data key highlights: India's economy grows at 7.2% in third quarter; a booster shot for Narendra Modi govt
Business

GDP data key highlights: India's economy grows at 7.2% in third quarter; a booster shot for Narendra Modi govt

A strong GDP reading could lift domestic shares, and boost the rupee, which has been Asia’s second weakest currency this year, losing about 1.6 percent against the dollar.

Task to strengthen public finances left to next govt after 2019 elections: Fitch Ratings
Business

Task to strengthen public finances left to next govt after 2019 elections: Fitch Ratings

The target for current fiscal was missed largely because of higher expenditure, Fitch said.

Budget 2018: Govt revising fiscal deficit target to 3.5% won't impact overall economic growth, says Moody's
Business

Budget 2018: Govt revising fiscal deficit target to 3.5% won't impact overall economic growth, says Moody's

Moody's says medium-term target to reduce central govt debt-to-GDP ratio to 40 percent is supportive of sovereign credit profile

Budget 2018: DEA secretary says govt will try to convince Fitch, S&P, other rating agencies on fiscal path
Business

Budget 2018: DEA secretary says govt will try to convince Fitch, S&P, other rating agencies on fiscal path

Moody's on Thursday said fiscal deficit projection of 3.3 percent for FY19 is in line with its forecast and the target will be achieved.

Govt likely to retain fiscal deficit target of 3% for FY19, revise plan to 3.4% for FY18: Deutsche Bank
Business

Govt likely to retain fiscal deficit target of 3% for FY19, revise plan to 3.4% for FY18: Deutsche Bank

FY19 Union Budget to be announced on 1 February is expected to be a populist and to propose more spending towards social sectors

Budget 2018: Fiscal slippage not a bigger worry than faltering economy; Jaitley shouldn't repeat UPA's mistake
Business

Budget 2018: Fiscal slippage not a bigger worry than faltering economy; Jaitley shouldn't repeat UPA's mistake

The additional spending, if directed to kickstart economic engines, can work well to regain the growth momentum, even at the cost of a one-off fiscal slippage

Govt to opt for wider fiscal deficit target of 3.2% in FY19; borrowings may swell to Rs 5.2 lakh cr: DBS
Business

Govt to opt for wider fiscal deficit target of 3.2% in FY19; borrowings may swell to Rs 5.2 lakh cr: DBS

DBS attributed difficulties on fiscal deficit front to shortfall in receipts and added that expenditure has stayed on the planned course

Govt's higher borrowing of Rs 50,000 crore means there will necessarily be fiscal slippage
Business

Govt's higher borrowing of Rs 50,000 crore means there will necessarily be fiscal slippage

The alternative is to have central govt breach fiscal deficit target and borrow more from the market, which is being done now

Higher fiscal deficit due to Budget being advanced, was expected, says chief statistician TCA Anant
Business

Higher fiscal deficit due to Budget being advanced, was expected, says chief statistician TCA Anant

Budgetary fiscal deficit for first seven months of 2017-18 stood at 96.1 percent -- Rs 5.25 lakh crore -- of full year's target of Rs 5.46 lakh crore

Budget 2018: Increase social security pension from Rs 200 to at least Rs 500, experts tell Arun Jaitley
Business

Budget 2018: Increase social security pension from Rs 200 to at least Rs 500, experts tell Arun Jaitley

At pre-Budget meet, experts pointed out the amount for social security pension has been abysmally low of Rs 200 per month

Budget 2018: At Arun Jaitley's 5th pre-Budget talks, leading economists draw road map for major tax reform
Business

Budget 2018: At Arun Jaitley's 5th pre-Budget talks, leading economists draw road map for major tax reform

At pre-Budget meet, Arun Jaitley said country was able to achieve these fiscal targets due to focus on expenditure rationalisation and plugging of loopholes in public expenditure

15th Finance Commission to study impact of GST on finances, fiscal deficit and debt levels: N K Singh
Business

15th Finance Commission to study impact of GST on finances, fiscal deficit and debt levels: N K Singh

15th Finance Commission will recommend fiscal consolidation road map for sound fiscal management in post-GST India.

PM's Economic Advisory Council tells govt: Stick to fiscal consolidation road map
Business

PM's Economic Advisory Council tells govt: Stick to fiscal consolidation road map

The Council, which met for the first time on Wednesday, has identified ten themes, including economic growth and job creations, that need attention

Demonetisation strains: IMF sees India's GDP slowing to 6.6% in FY17, bouncing back to 7.2% in FY18
Business

Demonetisation strains: IMF sees India's GDP slowing to 6.6% in FY17, bouncing back to 7.2% in FY18

Post-8 November, cash shortages and payment disruptions caused by the currency exchange initiative have undermined consumption and business activity, posing a new challenge to sustaining the growth momentum, the IMF said in its annual country report on India.

Budget 2017 opinion round-up: Scathing criticism and praise for Arun Jaitley
Business

Budget 2017 opinion round-up: Scathing criticism and praise for Arun Jaitley

Some feel Union Budget failed to deal with the pain induced by demonetisation, while others feel this is what Arun Jaitley could have done

Arun Jaitley gets official licence to splurge at least Rs 75,000 cr more for growth
Business

Arun Jaitley gets official licence to splurge at least Rs 75,000 cr more for growth

The government can go ahead and spend more to recapitalise ailing banks, splurge a bit on pro-poor initiatives or dabble in boosting infrastructure